BigCommerce Holdings, Inc. Series 1 - BIGC STOCK NEWS

BigCommerce (NASDAQ: BIGC) has announced a strategic expansion into several international markets, including Poland, Romania, India, the UAE, and South Africa. This move includes enhancing its engineering team and collaborating with regional partners to provide an advanced ecommerce platform for B2C and B2B merchants. The company emphasizes delivering localized ecommerce solutions that cater to diverse consumer needs, aiming to facilitate growth and scalability for businesses. Senior executives highlighted the platform's flexibility and customization capabilities, promoting an omnichannel shopping experience and improved revenue streams for retailers.

Firework has been named a BigCommerce Technology Partner, providing its video commerce solutions to a vast network of BigCommerce merchants. Starting April 25, 2023, these merchants can access Firework’s offerings, including shoppable video and livestream shopping, directly via the BigCommerce App Marketplace. Firework’s integration features drag-and-drop functionality and no-code enablement, allowing merchants to enhance customer engagement and maintain valuable first-party data. The collaboration strengthens BigCommerce’s commitment to delivering top-notch technologies and supports merchants in driving sales growth. Firework has raised over $235 million and operates in 38 countries.

TradeCentric, a leader in B2B integration and automation, partners with BigCommerce (NASDAQ: BIGC) to enhance online sales growth for B2B transactions. This collaboration enables PunchOut Catalogs, Purchase Order, and Invoice Automation, allowing buyers to access tailored catalogs and shop directly from their eProcurement systems. The service aims to streamline procurement processes and improve the purchasing experience, which is vital as businesses shift towards a more digital approach. Over 3,000 global suppliers and buyers leveraging TradeCentric's platform represent $100 billion in transactions. The partnership is set to reduce manual errors, increase efficiency in payment approvals, and boost order volumes.

BigCommerce to Announce Q1 2023 Results

BigCommerce Holdings, Inc. (Nasdaq: BIGC) has scheduled to report its financial results for the first quarter ended March 31, 2023, after market close on May 4, 2023. This announcement will be followed by a conference call and webcast at 4:00 p.m. CT (5:00 p.m. ET) on the same day.

The conference call can be accessed via phone or through BigCommerce’s investor relations website. A replay will be available until May 11, 2023. This results announcement is a key moment for investors, as it will provide insights into the company’s performance and future outlook.

Springcoast Capital Partners, L.P. has launched its Operating Partner program, appointing notable leaders including Russell Klein from BigCommerce and Jose Morales from Freshworks. This initiative aims to enhance growth and value creation across its portfolio. The new partners bring substantial experience from high-growth sectors, having previously scaled companies like Atlassian and Proofpoint. Springcoast is focused on collaborating with management teams to optimize business strategies and operations, reinforcing its commitment to flexible capital solutions for technology-driven firms.

BigCommerce (Nasdaq: BIGC) has launched its new Buy Online Pick Up In Store (BOPIS) feature, enhancing omnichannel strategies for merchants. This service allows customers to shop online and retrieve items in-store, meeting the demand for flexible fulfillment options. BOPIS is projected to grow by 10% annually in the U.S., reaching over $131 billion by 2026, with similar growth in the UK. The new offering includes updated APIs for inventory and pickup management, making it easier for merchants to streamline their operations across various sales channels.

Go Global Ecommerce has been named a BigCommerce Technology Partner, allowing its services to be accessible to tens of thousands of BigCommerce merchants for international sales expansion. Starting now, merchants can integrate Go Global Ecommerce's technology to begin selling globally within two weeks via the BigCommerce App Marketplace. This partnership enhances support for cross-border e-commerce efforts, as Go Global Ecommerce's expertise has previously aided multinational retailers like Nestle and Smeg. BigCommerce aims to provide high-caliber technologies and support to help merchants grow and maximize sales.

BigCommerce (NASDAQ: BIGC) has announced the winners of its 2022 Partner Awards, celebrating the dedication of agency and technology partners across North America, APAC, and EMEA. The awards recognize exceptional partners for their contributions to helping BigCommerce merchants thrive amid economic challenges. This year featured 18 categories, with new awards introduced for best regional partners and omnichannel solutions. CCO Russell Klein emphasized the importance of collaboration within their partner ecosystem. The complete list of winners can be found on the BigCommerce blog.

BigCommerce reported robust financial results for Q4 2022, achieving total revenue of $72.4 million, a 12% increase compared to Q4 2021. The company's Annual Recurring Revenue (ARR) reached $311.7 million, growing 16% year-over-year, with Enterprise ARR increasing 30% to $224 million. Despite a GAAP operating loss of $34.7 million, non-GAAP losses improved to $9.4 million. The firm aims for profitability by Q4 2023, emphasizing enterprise growth and a strong market position. Overall, 2022 revenue rose 27% to $279.1 million, with gross margins remaining stable at 74%.